[속보]Prosecutors seek arrest warrant for two people who collaborated in Kim Man-bae’s “concealment of criminal proceeds”

Prosecutors investigating allegations of corruption at the Daejang-dong Development Project in Seongnam-si, Gyeonggi-do requested arrest warrants on the 15th for two assistants involved in concealing Mr. Man-bae Kim’s criminal proceeds, the major shareholder of Hwacheon Daeyu Asset Management.

The Anti-Corruption Investigation Division 1 of the Seoul Central District Prosecutor’s Office (Chief Prosecutor Um Hee-joon) has requested arrest warrants for Lee Han-seong, co-representative of Hwacheon Daeyu, and Choi Woo-hyang, director of Hwacheon Daeyu, who served as vice chairman of the Ssangbangul group, on charges of concealing Kim’s criminal proceeds.

They are accused of hiding about 26 billion won of criminal proceeds acquired by Mr. Kim from the Daejang-dong Development Project under Mr. Kim’s instructions from October last year to July this year. Prosecutors believe they used methods such as collecting and storing money in checks or buying properties with borrowed names through false accounting to avoid collection and seizure by the detective agency.

Prosecutors arrested them on the 13th and searched about 10 places, including the residences of Mr. Kim, Mr. Lee and Mr. Choi. The target of the search and seizure also included the Pacific law firm, which was charged with Kim’s defense.

Prosecutors froze a total of 80 billion won of real estate, such as land and buildings owned by private businessmen in Daejang-dong, including Mr. Kim, under borrowed names and deposit bonds, and they tracked down further hidden assets. The total amount of compensation (the amount that may be sentenced to further collections in the future) cited by the court is about 444.6 billion won. It is equivalent to the profits earned by Daejang-dong and his crew.

Mr. Lee is a person who served as an aide to Lee Hwa-young, the former deputy governor of Gyeonggi province for peace, who was an aide to Lee Jae-myeong, leader of the Democratic Party, when he was a member of the National Assembly . It is said that he joined Hwacheon Daeyu through the introduction of Mr. Kim, an alumnus of Sungkyunkwan University. It is said that Mr. Lee was in charge of Mr. Kim’s wallet and managed the funds.

Mr. Choi participated in the acquisition process of Ssangbangwool in 2010 by former Ssangbangwool Group Chairman Kim Seong-tae, who was fleeing overseas, and served as CEO and Vice Chairman of Ssangbangwool.

The night before, Mr. Kim made an extreme choice in a car parked on a street near a university in Jangan-gu, Suwon-si, Gyeonggi-do, and was taken to hospital.